LONDON--(BUSINESS WIRE)--According to Technavio market research analysts, the global commercial
aircraft cabin interiors market will grow at a CAGR of over 6%
during the forecast period. Technavio’s latest research report on the global
commercial aircraft cabin interiors market provides an analysis
of the most important trends expected to impact the market outlook from
2018-2022.

Technavio
predicts an emerging trend as a major factor that has the potential to
significantly impact the market and contribute to its growth or decline.
In addition to this, another key factor driving the market’s growth is
the growing preference for newer generation aircraft.

The commercial aircraft manufacturers have been actively developing
newer-generation aircraft that feature reduced fuel consumption. The
demand for air travel is expected to double over the next 20 years
because of the growth in air travel in key countries such as China,
India, Indonesia, Russia, and the US. The year-over-year increase in air
traffic has also mandated the induction of new aircraft to facilitate
this growing demand. As all commercial aircraft have cabin interiors,
the global market for commercial aircraft cabin interior will grow
parallelly with growing orders for new aircraft. Thus, both aircraft
OEMs and their suppliers are revamping their production facilities to
ensure scheduled deliveries.

In this report, Technavio highlights the preference for collaborative
efforts in the aerospace industry as one of the key emerging trends in
the global commercial
aircraft cabin interiors market:

Preference for collaborative efforts in the
aerospace industry

Stringent regulatory norms have prohibited the entry of new vendors
considerably in the aerospace manufacturing sector. But, new
entrants have been allowed because of several factors such as the
prolonged development phases of aircraft and requirement of partners who
have proven expertise in specific fields. With the changing dynamics of
the contemporary aerospace industry and the requirement of maintaining
good parity between evolving demand and supply, several new vendors are
anticipated to enter the market. OEMs are anticipated to encourage
newcomers to invest in the market while representing their key areas of
interests. Collaborations are becoming common, particularly among seat
manufacturers and lighting system manufacturers.

“Many manufacturers are continuously seeking broader opportunities to
improve their supplier bases to prevent sustaining negative
developments, which may cause delays in aircraft deliveries. Such
collaborations support the companies in expanding their market base and
to tap into new emerging markets. Moreover, the sharing of technical
expertise also allows faster product development. Smaller vendors can
benefit from such collaborations and can attract other vendors to
venture into the aerospace cabin interior product market,” says
a senior analyst at Technavio for research on aerospace
components.

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Global commercial aircraft cabin interiors
market segmentation

This market research report segments the global commercial
aircraft cabin interiors market into the following products
(seating, lavatory module, windows, cabin panels, and stowage bins,
galley, and lighting) and key regions (the Americas, APAC, and EMEA).

The seating segment held the largest market share in 2017, accounting
for nearly 43% of the market. The market share of this product is
expected to increase by over 3% during the forecast period and this is
expected to remain the dominant segment through 2022.

The Americas was the leading region for the global commercial aircraft
cabin interiors market in 2017, accounting for a market share of more
than 44%. The market share contributed by this region is anticipated to
decrease to some extent by 2022. However, the Americas will dominate the
global market throughout the forecast period.

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